Finance

General electricity company (GE) is trading up more than 7% in Tuesday’s premarket despite missing Q4 2020 earnings per share (EPS) estimates $0.01 per share and guides fiscal 2021 well below consensus. The fallen industrial giant posted a profit of $0.08 per share on a 16.4% drop in year-over-year revenue to $21.93 billion. The news buying reaction reversed at the …

Stocks in popular 2020 COVID coins saw renewed interest on Tuesday after toilet paper maker Kimberly-Clark Corporation (KMB) released a better-than-expected quarterly report. Key points to remember Kimberly-Clark beat street revenue and profit forecasts and raised its quarterly report dividend 6.5%. A revenue-driven business to burst on above-average volume in Kimberly-Clark shares can act as a catalyst for a comeback. …

While overall life insurance sales were stalled in the first half of 2020 due to the pandemic and accompanying shutdown, term and whole life insurance products are expected to rebound in 2021 and beyond. This trend will be aided by the adoption of the Covid-19 vaccine and technological advances that allow for a smoother and more efficient application process. Here’s …

Key points to remember Adjusted EPS was $1.68 versus $1.37 expected by analysts. Revenues far exceeded analysts’ forecasts. Services revenue was above consensus estimates. Apple posted all-time revenue records in each of its geographic segments, driven by double-digit growth in each of its product categories. What happened Apple smashed analyst expectations for adjusted EPS, total revenue and services revenue for …

Key points to remember Adjusted EPS was $0.80 versus the $1.15 expected by analysts. Revenue narrowly exceeded analysts’ expectations. Vehicle deliveries showed robust year-on-year growth. Results were positively impacted by volume growth and regulatory credit revenue growth. What happened Tesla announced adjusted EPS for the fourth quarter of fiscal 2020 that largely missed analysts’ expectations. But that was almost double …

Key points to remember Adjusted EPS was -$15.25 versus analysts’ expectation of -$1.70. Revenue exceeded analysts’ expectations. Commercial aircraft deliveries were down year-on-year. The 737 MAX has begun to receive regulatory approval to resume operations. What happened Boeing reported a significantly larger adjusted loss per share than analysts expected in the fourth quarter of fiscal 2020. Its adjusted loss per …

Despite the economic damage of the coronavirus pandemic, AM Best and Moody’s Investors Service have given the United States personal insurance segment a “stable” rating for 2021. Consumers may see lower auto insurance costs, but slightly higher owner premiums. Key points to remember: Key points to remember AM Best and Moody’s Investors Service have assigned the US personal lines segment …

The US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) imposed a fine of $390 million against Capital one (COF) last week, claiming that the financial powerhouse had admitted to “deliberately failing to implement and maintain” an effective system fight against money laundering program. Key points to remember Capital One paid a $290 million fine (following an earlier $100 million fine) …

Activision Blizzard, Inc. (ATVI) shares rose about 1% during Monday’s session, before falling amid a broader market slowdown, after Goldman Sachs resumed coverage with a buy rating and a hold rating. $110.00. target price. Key points to remember Activision Blizzard shares rose briefly during Monday’s session after Goldman Sachs took cover with a buy rating and a price target of …

Freeport-McMoRan Inc. (FCX) woke up from the dead in 2020, entering the first uptrend since the first quarter of 2018 and doubling in price by the end of the year. The stock has continued its gains so far in January, adding another 15% while hitting its highest level since 2014. The rise followed a historic move in copper. forward markethelped …